Toll Brothers, Inc. (TOL) Posts Q2 GAAP Loss of 12c; Guides FY11 Deliveries
Toll Brothers, Inc. (NYSE: TOL) reported Q2 GAAP loss of ($0.12), $0.08 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $319.7 million versus the consensus estimate of $319.6 million.
Deliveries increased 9 percent to 591.
Cancellation rate fell to 3.9 percent, from 5.3 percent Q210.
Sees deliveries of 2,300 - 2,800 homes in FY11.
Deliveries increased 9 percent to 591.
Cancellation rate fell to 3.9 percent, from 5.3 percent Q210.
Sees deliveries of 2,300 - 2,800 homes in FY11.